Luca Mining Corp. reported the following updates on its operations in Mexico and Management changes. Tahuehueto.

Construction of the Tahuehueto gold and silver mine in Durango, Mexico, is nearing completion with final components to be installed in early second quarter 2024. Commissioning is well underway and will be completed as the final circuit components are installed. The mine plan calls for the ramp-up to an approximate 1,000 tonne per day operation during 2H 2024 which is rapidly being achieved.

Throughput levels are averaging approximately 65% of nameplate capacity and will progressively increase as ramp-up continues, resulting in higher concentrate production and generating additional revenue for the Company. The mine achieved a new daily production record of 655 tonnes this week. Campo Morado.

At the Campo Morado copper, zinc, lead mine in Guerrero, Mexico, the optimization program has to date developed fundamental improvements in productivity, operational efficiency and cashflow. Key features of the program include effective mine-to-mill planning, new procedures for ore blending, increased metallurgical test work, optimized grinding and reagent dosing for improved recoveries, and phased equipment upgrades for mine and mill. The result has been higher metallurgical recoveries, higher grades in concentrate and increasing revenues.

The Campo Morado is now consistently generating positive operating cash flow. With the planned production of three separate (copper, zinc and lead) higher value concentrates around mid-year, each with precious metals credits, revenue and cashflow are expected to continue their upward trend for the remainder of 2024. Management.

As such, Ramon Perez, President has been appointed Interim CEO, and Peter Damouni will become Executive Director. Christopher Richings Vice President Technical along with the Company's consulting engineers, Ausenco will continue to lead the operations on the ground. The Company is commissioning its mill capacity to +1,000 tonnes per day, and key test work and production ramp-up is underway, to increase production by second quarter 2024.

The Company expects its operations to start generating positive cash flows in 2024. Luca Mining is focused on growth with the aim of maximizing shareholder returns.